Agricultural product prices on February 19, 2025: Coffee slightly decreased, pepper exceeded 160,000 VND/kg

DNVN - Coffee prices on February 19, 2025 tended to decrease slightly, currently averaging 131,500 VND/kg, 500 VND/kg lower than the previous day. Pepper continued to increase slightly by 500 VND/kg compared to the previous trading session. The average pepper price in key areas has reached 160,900 VND/kg.

Agricultural product prices on February 17, 2025: Coffee and pepper stable at high levels

Coffee price developments

On the London floor, at 5:00 a.m. on February 19, 2025, Robusta coffee prices recorded a slight increase compared to the previous session, ranging from 5,609 - 5,738 USD/ton, with an adjustment of 40 - 47 USD/ton. Specifically, the delivery term for March 2025 reached 5,738 USD/ton (up 40 USD/ton), the delivery term for May 2025 was 5,721 USD/ton (up 41 USD/ton), the delivery term for July 2025 was 5,678 USD/ton (up 44 USD/ton), while the delivery term for September 2025 reached 5,609 USD/ton (up 47 USD/ton).

Meanwhile, the New York market witnessed a downward trend in Arabica coffee prices. Compared to the previous day, the March 2025 contract decreased to 419.00 cents/lb (down 0.75 cents/lb), the May 2025 contract decreased to 405.25 cents/lb (down 2.15 cents/lb), the July 2025 contract decreased to 390.30 cents/lb (down 3.10 cents/lb) and the September 2025 contract decreased to 376.80 cents/lb (down 3 cents/lb).

On the contrary, Brazilian Arabica coffee maintained a slight increase during the trading session. The March 2025 contract increased to 504.80 USD/ton (up 3.20 USD/ton), the May 2025 contract reached 502.75 USD/ton (up 4.30 USD/ton), and September 2025 recorded 479.50 USD/ton (up 4.60 USD/ton). The July 2025 contract in particular tended to decrease to 491.75 USD/ton (down 4.10 USD/ton).

Updated at 5:00 a.m. on February 19, 2025, domestic coffee prices tended to decrease slightly, at an average of VND 131,500/kg, VND 500/kg lower than the previous day.

Coffee prices in key regions

The highest purchase price in the Central Highlands was recorded at 131,500 VND/kg. The Central Highlands provinces all decreased by 500 VND/kg compared to the previous session. Specifically, Dak Lak traded at 131,500 VND/kg, Lam Dong at 129,800 VND/kg, Gia Lai reached 131,500 VND/kg, while Dak Nong also maintained at 131,500 VND/kg.

According to data from the Import-Export Department (Ministry of Industry and Trade), citing the General Department of Customs, in January, Vietnam's coffee exports reached 134 thousand tons, with a value of nearly 729 million USD. Compared to December 2024, exports increased by 5% in volume and 6.2% in value. However, compared to January 2024, export volume decreased by 43.7%, while value increased only slightly by 0.3%.

Vietnam's average coffee export price in January reached 5,440 USD/ton, up 1.1% over the previous month and 78.1% higher than the same period in 2024.

Coffee exports to traditional and potential markets mainly recorded a decrease compared to the previous year. However, some markets such as the Netherlands and Malaysia still maintained an increase.

According to the Import-Export Department, robusta coffee prices decreased in early February as Vietnamese farmers increased sales after the Lunar New Year holiday.

Pepper prices continue to rise

At 5:00 a.m. on February 19, 2025, domestic pepper prices remained high, up 500 VND/kg compared to the previous session. Currently, the average pepper price in key areas reached 160,900 VND/kg.

In Gia Lai, pepper prices are still stable at 160,000 VND/kg. Binh Phuoc is also purchasing at a similar price.

In Ba Ria - Vung Tau, pepper prices continue to remain high, currently being purchased at 160,000 VND/kg.

Meanwhile, Dak Lak is purchasing pepper at 162,000 VND/kg, among the highest in the region.

Dak Nong alone recorded an increase of 500 VND/kg, bringing pepper prices in this locality to 162,500 VND/kg, the highest in the country.

World pepper price developments

According to the update from the International Pepper Community (IPC) at 5:00 a.m. on February 19, 2025, the global pepper market continued to maintain a slight increase and remained at a high level. Pepper prices in Indonesia increased by 4 - 75 USD/ton compared to the previous session.

Specifically, the price of Indonesian Lampung black pepper is currently at 7,298 USD/ton (up 4 USD/ton), while Muntok white pepper is at 10,143 USD/ton (up 75 USD/ton).

The Malaysian market continues to maintain stability at a high level. The price of ASTA black pepper here is currently purchased at 9,000 USD/ton, while ASTA white pepper reaches 11,600 USD/ton.

Pepper prices in Brazil have not fluctuated compared to the previous increase, currently maintained at 6,800 USD/ton.

Vietnam's pepper export trend remains stable but shows signs of a slight decrease. Accordingly, the price of 500 g/l Vietnamese black pepper is currently at 6,500 USD/ton, 550 g/l is at 6,650 USD/ton, and white pepper is priced at 9,550 USD/ton.

Pepper growers’ mentality of holding onto their products instead of selling in large quantities has contributed to maintaining high prices. Many households tend to preserve their products and only sell them when the price reaches expectations, helping to stabilize supply in the short term.

It is forecasted that in the coming time, pepper prices will likely continue to increase, especially if the Chinese market - one of Vietnam's largest partners - increases import demand again.

Comment (0)